The Versatility of The Wave Principle

Published July 17th, 2009 in Technical Analysis Tags: commodity, Elliott Wave, Free week, pattern, technical analysis, wave principle.

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1 Alec Jul 17th, 2009 at 8:47 pm

Palladium is a key constituent of catalytic converters in automobiles. IF there is an uptick in vehicle production, expect a squeeze in supply as opposed to a glut.
2 Babak Jul 17th, 2009 at 9:44 pm

Alec, frankly I don’t see where the increased demand for autos will come from. The US is maxed out.
3 Option Maestro Jul 18th, 2009 at 12:44 pm

Yes I agree with Babak, the increase in auto sales will take a long time. Although the stock market has had a significant rally, I dont believe the economy will be recovering anytime soon. Look at the charts from the great depression… With that being said, I believe the only squeeze we’ll have in supply soon will be if exports on autos sky rocket and domestic demand also increases… Both unlikely anytime soon.

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